Despite the challenges posed by stock market instability and recession anxieties, the Hamptons housing market is experiencing significant growth. In the first quarter of 2025, home sales jumped by an impressive 86% compared to the previous year, while the median home price exceeded $2 million, marking a 13% increase. Jonathan Miller, who analyzed the data, emphasizes that the Hamptons defies typical housing recovery trends, as it experiences both high prices and high sales. The surging demand can be attributed to buyers seeking refuge from urban life post-pandemic.
"The tired story of the housing recovery coming out of the pandemic is high prices, low sales. The Hamptons doesn't fit that pattern. It's high prices and high sales."
"Perhaps more notably, the pace of sales is also soaring this year... Sales were up about 86% in the first quarter over the same time period last year."
"Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city."
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